The World took a major step back due to COVID, including a lot of global trade and business. Thankfully, the pandemic has wound down. Today, let’s explore how the manufacturing industry has bounced back during and post-pandemic.
“The COVID-19 pandemic had a major impact on the worldwide economy, especially when workers were told to stay home for their own safety. Unfortunately, the manufacturing industry also saw its share of challenges. Some of these challenges included supply chain disruptions, increased costs, and delivery delays. Like everything and everyone else in the world during this difficult circumstance, it was time to hold our ground.” – NAMC
The pandemic highlighted the need for increased career growth, innovation, and sustainability. The natural vigor and resilience of the industry found its footing by meeting these challenges head-on – meaning new jobs to fill and technologies to wield.
Here is an excerpt from Deloitte’s 2022 Manufacturing Outlook report:
It is unusual to see positive economic indicators paired with historic labor and supply chain challenges. But this is the trajectory for US manufacturing in 2022 emerging from the pandemic. The recovery gained momentum in 2021 on the heels of vaccine rollout and rising demand. As industrial production and capacity utilization surpassed pre-pandemic levels midyear, strong increases in new orders for all major subsectors signal growth continuing in 2022.1 Deloitte projections based on the Oxford Economic Model (OEM) anticipate GDP growth in manufacturing of 4.1% for 2022.2 As capital expenditures rise, a combination of high business valuations, strong earnings, and low-cost debt may also encourage companies to add technology capabilities, gain share, and expand in new markets with M&A. Policy initiatives and infrastructure investment have the potential to contribute to manufacturing’s recovery.
Manufacturing becomes increasingly digital each day. This can be seen in the concept commonly referred to as “Industry 4.0.” Essentially, Industry 4.0 refers to the digital automation of manufacturing capabilities.
According to Forbes, “as a result of the support of smart machines that keep getting smarter as they get access to more data, our factories will become more efficient and productive and less wasteful. Ultimately, it’s the network of these machines that are digitally connected with one another and create and share information that results in the true power of Industry 4.0.”
Within the possibilities, there is a warning: the manufacturing industry must not resist change. Expanding markets, innovations, sustainability, and increased job opportunities will all be instrumental in creating consistent growth. And making major investments into these areas now can prepare the industry for if and when the next major disruption occurs.
The manufacturing industry is bouncing back and looking to fill positions in many different areas. These areas range from traditional manufacturing roles, such as CNC Machinist, Welders to Electro-Mechanical Assembly and Robotics.
As we enter into an increasingly digital age and the prior generations of manufacturers retire, the industry is in need of a fresh workforce that can wield the latest technologies. There is a need to begin working with the future workers of the manufacturing industry today to prepare. Allis Roller has been working with local high schools and youth apprentice programs to meet this challenge head on.
“Allis Roller is a contract manufacturer of precision machined parts and complex welded assemblies. Our CEO and engineers work closely with customers to understand the complexities of their parts, and then offer suggestions on improved manufacturability and cost, while ensuring industry-leading quality. Using the latest in lean manufacturing technology,
At Allis Roller, we promise to be quick to respond with a wholehearted commitment to quality parts. You will have our undivided attention, and we won’t let you down. We love what we do, so you can expect to be well taken care of at Allis Roller.”